RE:RE:RE:NCIB and CMTS sford RE: ROI's NCIB
Not to quibble but when looking at this ROI buy back program from over here it's impossible to pick up what yer throwing down:
Here are the results of all of ROI's NCIBs to date - as seen from here -
1. ROI's share buy back programs have always retarded ROI's enterprise value by reducing it's asset base by a dollar for every dollar spent on the program. Adding insult to injury - ROI's value is always further depreciated by it's NCIBs because these programs permanently take away significant assets that could/would otherwise be used to grow the firm.
2. ROI's share buy back programs have also proven beyond a shadow of doubt that they put a ceiling on ROI's share price value and worse, in the addition to the absence of any consistent material sales support, these buy back programs have contributed to significantly reducing ROI's share price values over time. Please see ROI on the V to view the downward flowing charts that clearly show the yearly results of ROI's NCIB programs on it's own share prices.
3. Just guessing but...If ROI took all the buy back assets it's flushed down the toilet to date and instead used them for marketing, selling a ton of product, diversifying and otherwise growing it's enterprise - ROI's s/p would have been at least $0.50 - $1.00 a long long time ago.
4. With a NCIB history as long and as proven-failed-to-add-any-value such as ROI's - What kind of intellect actually expects different results this time around?
5. Even if ROI doesn't waste any money on this year's NCIB - Just announcing the program's existence instantly reduced ROI's potential value by the mere fact that that's what ROI's NCIBs have always done. It's quite a talent but ...why does ROI habitually shoot itself in both feet with one shot like that?
sford - So that's a short synopsis of what ROI's NCIBs have always looked like from here with an opinion or two and a couple of pertinent questions thrown in for good measure. Also, if you could be so kind - can you please point out where one might find the value-add is in this year's ROI buy back 'cause it's negatives are in-your-face obvious while any enterprise value-add remains clearly invisible from this angle.
Thanks in advance!
dyodd
knowsjack